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Florida Mortgage License

Having a Florida mortgage license is mandatory if you are thinking to become a home loan lender or broker in the state of Florida. It is also relatively easy to get the license if you have some basic idea of the mortgage licensing requirements of the state. It is not necessary to have an office inside Florida in order to get the license. There are three levels of licensing for mortgage companies and they are broker, mortgage lender or correspondent lender. Whatever be your choice it is recommended that you have a clear understanding of all the Florida mortgage licensing process before you make your approach.

Florida Mortgage Broker License Requirements

It is not mandatory to have any experience in order to become a licensed mortgage broker . But it is necessary to have one year of experience to become the principle lending manager in the lending business. To become a licensed mortgage broker, you are required to complete 24 hours of pre licensing education and pass a written test. You are not required to maintain any net worth or make any surety bond if you are a resident of the state applying for the broker license. However, you will have to pay $200 as personal broker license fee and $23 for fingerprint card fees. If you are applying for broker business license then you will have to pay $425 as company license fee. In case if you are looking to run your lending business from outside Florida then you are required to get a Certificate of Authority. Moreover, you must also have a registered agent inside the state.

Florida Mortgage Lender License Requirements

Similarly with the broker licensing process, you are required to go through 24 hours of pre licensing education and have passed the state exam to become a licensed mortgage lender in Florida. Classroom education is offered by a number of approved schools and academies in Florida. Even if you are not a resident of the state, you can still get the correspondent lender license. Your lending company will have to maintain a surety bond of $10,000 and a minimum net worth of $25,000. You can also get the FL mortgage lender license with the help of some licensing companies. You are also not required to own a physical office to get your lender license.

Florida Mortgage License Look Up

In order to make the verification for the authenticity of the mortgage license, you can carry out mortgage license look up with the help of Internet. Today, there are several licensing companies that can assist you while making your lender license search in Florida. Most of them are available online and they are very easy to find.
Florida Office of Financial Regulation
The Florida Office of Financial Regulation aims to safeguard the consumers of the state from financial frauds. They also provide valuable information on the mortgage licensing process undertaken in the state of Florida.
American Mortgage Licensing
American Mortgage Licensing is specialized in offering comprehensive details of the mortgage license requirements in several states of the US. You can find a wide range of information on broker licensing process in Florida at the website of the company.
Kambuck Resources, LLC
Kambuck Resources is a leading mortgage broker school based in Orlando. The website of the school offer extensive details on the mortgage license requirements in Florida.

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